SAIHEAT (NASDAQ:SAIH) Trading 3.1% Higher – Time to Buy?

SAIHEAT Limited (NASDAQ:SAIH)’s share price was up 3.1% on Friday . The stock traded as high as $11.39 and last traded at $11.55. Approximately 4,817 shares changed hands during trading, an increase of 116% from the average daily volume of 2,228 shares. The stock had previously closed at $11.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SAIHEAT in a research report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

SAIHEAT Stock Up 3.1%

The company has a 50 day moving average of $10.89 and a 200 day moving average of $9.03.

SAIHEAT (NASDAQ:SAIH) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.97) EPS for the quarter. The company had revenue of $0.34 million during the quarter.

About SAIHEAT

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.